Wilcock & Associates Insurance Services

10 ways to improve the value of your home

1. The Yard
Cost: $500-$1,500

Why it's hot: Green and clean. It's the first thing people see when they come to your house, and it's the most cost-effective way to increase the value of your home. Install sprinklers and put them on an automatic timer system.

What to watch out for: Know your climate and seek the advice of a landscaping professional. With so many options it's easy to plant the wrong thing.

2. Home Office
Cost: $3,000-$6,800

Why it's hot: Much of the workforce does some telecommuting. Usually not elaborate to set up, apart from high-speed Web access and furniture.

What to watch out for: If you're replacing a bedroom with a home office and removing the closet, you could be reducing your home's value.

3. Outdoor Fireplace
Cost: $5,000-$6,000

Why it's hot: Outdoor living is a huge trend, increasing your home's amount of usable space without the need for an addition. On the upper end, whole kitchens are being integrated with elaborate entertaining areas.

What to watch out for: Great in theory, but might not be such a good buy if you're never going to use it.